Gm
General Motors is investing $546 million in two new data centers
General Motors Co. is investing $546 million in two new Michigan data centers aimed at getting new vehicle designs and technologies to consumers faster, resulting to a boost in the... Read more about General Motors is investing $546 million in two new data centers
GM to discuss Korean labor woes with President Park Geun-hye
General Motors will hold talks with South Korean president Park Geun-hye to discuss labor issues in the country, GM chief executive Dan Akerson was quoted by its Korean union as saying.... Read more about GM to discuss Korean labor woes with President Park Geun-hye
GM will recall 38,000 sedans due to problems with circuit boards
General Motors Co. will be recalling over 38,000 sedans equipped with its "eAssist" mild hybrid system to fix circuit boards that may overheat. Such an incident may lead to a loss of... Read more about GM will recall 38,000 sedans due to problems with circuit boards
GM Financial launches Opel Financial Services brand in Europe
GM Financial Company Inc. has launched its new Opel Financial Services brand, after buying back European and other international operations of Ally Financial. With its German banking... Read more about GM Financial launches Opel Financial Services brand in Europe
New vehicle sales in Australia up 7.6% in April 2013
New vehicle sales in Australia surged 7.6 percent in April 2013 to 85,117 units from 79,097 units in the same month in 2012, according to the VFACTS report of the Australian Federal... Read more about New vehicle sales in Australia up 7.6% in April 2013
US Treasury to start new round of sales for its remaining GM stake
The United States Treasury Department will commence another round of sales of its remaining shares in General Motors Co. The Treasury’s move follows a registration statement by GM in... Read more about US Treasury to start new round of sales for its remaining GM stake
GM North Am chief wants an rwd sports car in Chevrolet lineup
The president of GM North America would want to include in Chevrolet's lineup a modestly priced, rear-wheel-drive sporty car that would target young drivers. Mark Reuss told Automotive... Read more about GM North Am chief wants an rwd sports car in Chevrolet lineup
GM plans $16 billion capital investment in the US through 2016
GM plans to invest around $16 billion on factories and facilities across the United States through 2016. The carmaker is also making an $11-billion capital investment in China through... Read more about GM plans $16 billion capital investment in the US through 2016
GM making progress in restructuring its money-losing Opel/Vauxhall unit in Europe
General Motors said last Thursday that its first-quarter pretax loss in Europe decreased to $175 million from $294 million the previous year. This prompted analysts to state that while GM... Read more about GM making progress in restructuring its money-losing Opel/Vauxhall unit in Europe
General Motors agrees to buy birthplace site: Durant-Dort Carriage plant
General Motors has reached a deal to acquire the original Durant-Dort Carriage Co. site in Flint, Michigan as part of its plans to use the 133-year-old, 25,000-sq. ft. building as a... Read more about General Motors agrees to buy birthplace site: Durant-Dort Carriage plant
GM sees a 14% decrease in its net profit in the first quarter of 2013
General Motors experienced a 14% decrease in its net profit in the first quarter to $865 million amid the decline in earnings in North America and as European losses dropped. For the... Read more about GM sees a 14% decrease in its net profit in the first quarter of 2013
Couple found guilty of stealing GM trade secrets sentenced to jail
A U.S. District Court in Detroit has sentenced to jail a Michigan couple convicted of stealing General Motors trade secrets related to hybrid-car technology. Former GM engineer Shanshan... Read more about Couple found guilty of stealing GM trade secrets sentenced to jail
GM Financial will host a sale of around 200 2010-13 GM vehicles
Next month, captive finance firm GM Financial Co. will host a sale of around 200 2010-13 GM vehicles (most of which are Cadillacs) at Manheim, Pennsylvania. This is part of its strategy... Read more about GM Financial will host a sale of around 200 2010-13 GM vehicles
General Motors files shelf registration statement with US SEC
General Motors Co. has filed a selling shareholders shelf registration statement with the US Securities and Exchange Commission registering GM common stock and warrants. The SEC... Read more about General Motors files shelf registration statement with US SEC
Couple who stole GM trade secrets to be sentenced by court on April 30
A United States District Court in Detroit will be handing on April 30, 2013, the sentence for a couple found guilty of stealing General Motors trade secrets related to hybrid-car... Read more about Couple who stole GM trade secrets to be sentenced by court on April 30
GM amends parts program, gives incentives to dealers to expand inventory
General Motors is implementing an overhaul of its parts program and is providing incentives to dealerships to boost up their inventory for more same-day repairs and to buy more of parts... Read more about GM amends parts program, gives incentives to dealers to expand inventory
GM will invest 4 billion euros in Opel by the end of 2016
General Motors Co.’s commitment to Opel, its struggling division in Europe, has not waned. In fact, GM will be investing 4 billion euros ($5.2 billion) in Opel by the end of 2016 to fund... Read more about GM will invest 4 billion euros in Opel by the end of 2016
GM widening production cuts in South Korea due to weak Chevrolet sales in Europe
Due to poor Chevrolet sales in Europe, General Motors Co. is widening the production cuts at one of its several factories in South Korea. According to a company official, the operations... Read more about GM widening production cuts in South Korea due to weak Chevrolet sales in Europe
GM expects 2014 Chevrolet Impala to invigorate the overall large-sedan segment
General Motors hopes that the launch this month of the redesigned 2014 Chevrolet Impala will increase sales of this nameplate and help invigorate the overall large-sedan segment.... Read more about GM expects 2014 Chevrolet Impala to invigorate the overall large-sedan segment
GM will launch two midsize pickups in the US next year
General Motors is developing two mid-size pickup trucks that are expected to be launched in 2014 or 2015. There’s actually some controversy in this segment composed of smaller American... Read more about GM will launch two midsize pickups in the US next year
Chrysler, Ford, GM expressed concerns about the impact of the weakening yen
Detroit executives expressed concerns about the long-term impact of the weakening yen. Japanese automakers are benefiting from this trend. In fact, Toyota Motor Corp. was able to overtake... Read more about Chrysler, Ford, GM expressed concerns about the impact of the weakening yen
Employees of Ford, GM in Europe approve labor-cost reductions
The employees of General Motors and Ford Motor Co. in Europe approved labor-cost reductions to boost earnings in the region amid a recession that’s trimming down vehicle sales. In a... Read more about Employees of Ford, GM in Europe approve labor-cost reductions
GM is hiring over 1,000 IT professionals at its Phoenix center
General Motors is hiring 1,000 workers to be stationed at its Information Technology Innovation Center located near Phoenix, Arizona. The IT innovation center is GM’s fourth in the US,... Read more about GM is hiring over 1,000 IT professionals at its Phoenix center
GM aims to make North American cars 15% lighter by 2016 model year
General Motors has set a target to make its North American vehicles by 2016 model year lighter by up to 15 percent than its current fleet, according to GM chief executive Dan Akerson. GM... Read more about GM aims to make North American cars 15% lighter by 2016 model year
GM will build 36,000 Volt and plug-in vehicles this year
General Motors Co. plans to produce up to 36,000 Chevrolet Volt and other plug-in hybrids in 2013, two sources privy to the matter told Bloomberg News. The planned 2013 output is around... Read more about GM will build 36,000 Volt and plug-in vehicles this year
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